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Home / Metal News / SHFE Aluminum Falls Sharply (2017-5-16)

SHFE Aluminum Falls Sharply (2017-5-16)

iconMay 16, 2017 17:22
Source:SMM
SHFE 1707 aluminum dipped to RMB 13,890/mt due to short selling after opening at RMB 14,030/mt on Tuesday.

SHANGHAI, May 16 (SMM) – SHFE 1707 aluminum dipped to RMB 13,890/mt due to short selling after opening at RMB 14,030/mt on Tuesday. Prices then rallied on dip buying, and ended at RMB 13,965/mt, with trading volumes up to 184,580 lots, and positions up 7,464 lots to 262,936 lots. SHFE 1707 aluminum should continue hovering around RMB 14,000/mt in the near term. 

 

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